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$PKG said the transaction is structured as a purchase of assets resulting in a full step-up of the assets to fair market value. The company's containerboard integration level is expected to increase by over 200,000 tons or 6% from its current level of 87% and will allow for further optimization & enhancement of mill capacity.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?